The Business Times, 7 March 2012
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2012-03-07
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The Business Times
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Title Section25 2012-03-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, March 7, 201225 words
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Article, Illustration925 2012-03-07 1 GRACE LEONG - Profits from sale of Park Regis are at the heart of the dispute By GRACE LEONG [SINGAPORE] Royal Brothers Group co-founder Asok Kumar Naraindas is being sued by two former partners who claim they were cheated of their rightful share of profits from the925 words
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669 2012-03-07 1 VICTORIA HO - Its stranglehold on tablet market is at stake as it navigates the post-Jobs era Reports by VICTORIA HO [SINGAPORE] Apple faces its moment of truth tonight, Singapore time, when it unveils its next major device upgrade the iPad 3. How it669 words
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Article191 2012-03-07 1 [SINGAPORE] Media reports have been rife with speculation as to what features the iPad 3 will carry. Most expect the device to have a screen resolution twice that of the iPad 2 and iPad 1, in addition to an improved processor and camera. Apple says the191 words
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MARKETS DIGEST
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Article110 2012-03-07 1 HST INDEX 2,932.01 (-59.79) HST INDEX FUTURES 2,922 (-47) HSIMSCI 338.31 (-7.21) HSIMSCI FUTURES 337.80 (-6.50) US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.583 1.997 EURO (US$/S$/E) 1.319 1.664 Foreign currency per US$ S$ YEN 81.30 64.40 RM 3.025 2.397 HK$ 7.762 6.151 BAHT 30.68 24.31 RUPIAH110 words
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Article18 2012-03-07 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg18 words
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Advertisement125 2012-03-07 1 STRAIT TALK Turbulent times ahead for shipping PAGE 26 COMMENTARY China’s rebalancing act underway PAGE 25 COMPANIES Noble unit backs Yanzhou’s takeover offer page 9 HOCK LOCK SIEW For SingTel, the price is right... well, sorta PAGE 6 EXECUTIVE MONEY Challenge that comes with living longer PAGE 37 PAGE 36125 words
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TOP STORIES
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Article362 2012-03-07 2 Apple hopes to make waves with IPad3 APPLE faces its moment of truth tonight, when it unveils its next major device upgrade the iPad 3. How it is received will decide whether Apple can continue to dominate the tablet market. FRONT PAGE Ex-partners sue Royal Brothers founder ROYAL362 words
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766 2012-03-07 2 MALMINDERJIT SINGH - Report by India’s auditor-general lists firm’s links with official under fire By MALMINDERJIT SINGH [SINGAPORE] Singapore Technologies Kinetics (ST Kinetics) yesterday announced that it will take vigorous action to clear its involvement in a defence corruption scandal in India, which has seen it766 words
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Article58 2012-03-07 2 IN “$40m boost for medical technology start-ups” (BT, March 6), we wrongly stated that Damien Lim is executive director of the Medical Research and Commercialisation Initiative (MERCI) at the National University of Singapore. That post is held by Lim Jui, who is also the third member of Clearbridge BSA’s58 words
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Article, Illustration552 2012-03-07 2 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur IN an unprecedented show of faith, Malaysia’s premier has extended the tenure of Petroliam Nasional’s head a year before his contract is up. Prime Minister Najib Razak told a closed-door townhall meeting of top Petronas staffers yesterday that552 words
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Article, Illustration759 2012-03-07 4 SIOW LI SEN - Bank is ready for opportunistic buys and to allocate more capital in China By SIOW LI SEN [SINGAPORE] Peter Seah, DBS Group Holdings’ chairman, said he expects another year of record earnings as the bank continues to expand aggressively in all itsTED CHEN/THE STRAITS TIMES - 759 words
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538 2012-03-07 4 MINDY TAN - By MINDY TAN [SINGAPORE] An “overly optimistic” top bid, a whopping 18.6 per cent higher than the next, was put forth by Kingsford Development for a 99-year residential site located along Hillview Avenue yesterday. Its bid of $243.2 million or $638 per538 words
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488 2012-03-07 4 JAMIE LEE - It no more gives full picture of metal demand as China stores lots of metal at home By JAMIE LEE [SINGAPORE] With China storing a significant amount of metal in its domestic warehouses, stocks held in the London Metal Exchange’s (LME) warehouses are reflecting488 words
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Article, Illustration586 2012-03-07 4 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY [SINGAPORE] TriQuint Semiconductor, a US-based global RF (radio frequency) solutions supplier, will today officially open its international headquarters in Singapore. The Singapore operations will look after the company’s international operations (outside the United States) which586 words
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Advertisement189 2012-03-07 2 IN UNCERTAIN TIMES, BRANDING IS THE ONLY CERTAINTY Thursday, 29 March 2012, Sands Expo Convention Center Singapore Brand Conference Mr Danny Lien Managing Director Amos International Pte Ltd BRANDING THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS r REGISTER WITH THE FOLLOWING PROMO CODE GET189 words
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Advertisement133 2012-03-07 3 A CLASS BEYOND FIRST. With so many world firsts, the Lexus LS is in a class of its own, setting standards that others can only follow. With precision craftsmanship that tunes the sound of even an idling engine to absolute perfection. And when it comes to setting standards, The Lexus133 words
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Advertisement320 2012-03-07 4 iW NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES >1 J V Nurturing M -!—FuturieTof BUsmess f. Chris Ong General Managed Keppel EELS.Limited,'Singapore] Berkeley-Nanyang Cohort m ADVANCED MANAGEMENT Advanced Management Programme In International Tax (new) Berkeley-Nanyang Advanced Management Programme lATA-Nanyang Advanced Management Programme in Air Transport BUSINESS MODELS AND320 words
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Advertisement200 2012-03-07 5 NOW. POWER UNDER TOTAL CONTROL Introducing the All-New Infiniti FX Sports Crossover. Ml fib. Kl w ,1 Now, forthe first time, enjoy the limitless rush ofa 320 hp 3.7-litre V6 VVEL engine. With advanced Intelligent All-Wheel Drive, the Infiniti FX37 delivers superior handling to give you full control wherever your200 words
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Advertisement172 2012-03-07 6 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE 8th 11th MARCH 2012 SUNTEC SINGAPORE LEVELS 1, 2, 3, 4 6 12 NOON 9 PM DAILY FREE ADMISSION Guaranteed over S$90,000 CASH to be won in 4 days S$2,000 CASH Win hourly from 1 9172 words
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COMPANY NEWS
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Article, Illustration917 2012-03-07 6 JOYCE HOOI - For SingTel, the price is right well, sorta HOCK LOCK SIEW By JOYCE HOOI A LOT has changed since the dotcom boom of 2001, but not the infernal math of how much a tech firm is worth, it seems. For all that has been said about Amobee the Silicon ValleyBLOOMBERG - 917 words
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295 2012-03-07 6 KELLY TAY - By KELLY TAY SEMBCORP Marine’s wholly owned subsidiary Sembawang Shipyard has signed a contract to invest $10 million in Ecospec Global Technology Pte Ltd. The move gives the shipyard a 20 per cent equity interest in Ecospec, a Singa-pore-based technological company that researches295 words
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408 2012-03-07 6 LYNN KAN - It still has effective 30% stake held through Sembcorp By LYNN KAN TEMASEK Holdings’ sale of a 3 per cent stake in Sembcorp Marine sent the rig maker’s stock crashing 34 cents or 6.29 per cent yesterday. The Singapore investment company sold the408 words
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611 2012-03-07 6 MINDY TAN - David Lawrence’s death also raises leadership question By MINDY TAN THE death of Wheelock Properties’ David Lawrence last Sunday has again raised the spectre of the possible privatisation of the company by parent Wheelock Group, the future direction of the organisation,611 words
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486 2012-03-07 9 FELDA CHAY - Revised deal sees reduction in cash component Gloucester Coal shareholders will get from its sale By FELDA CHAY THE board of Noble Group’s Australia-listed subsidiary, Gloucester Coal, yesterday declared its support for a A$2.05 billion (S$2.74 billion) stock-and-cash takeover offer from China’s Yanzhou Coal486 words
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444 2012-03-07 9 Prices to trade in RM3,000-3,300 range in 2012 Reuters [KUALA LUMPUR] Firm crude oil may support benchmark palm oil prices this year, Singapore commodities firm Olam International said yesterday, while the demand outlook in top buyers China and India is uncertain.Reuters - 444 words
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Article278 2012-03-07 9 Pictet-Absl Rtn Glo Cons-P EUR 02.03.2012 EUR 102,97 Pictet-Absl Rtn Glo Div-P EUR 02.03.2012 EUR 116,69 Pictet-Asian Equities Ex Japan-P USD 02.03.2012 USD 175,96 Pictet-Asian Local Currency Debt-P USD 02.03.2012 USD 149,49 Pictet-Biotech-P USD 02.03.2012 USD 313,59 Pictet-Clean Energy-P USD 02.03.2012 USD 68,41 Pictet-Digital Communication-P USD 02.03.2012 USD 143,21278 words
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268 2012-03-07 10 SWIBER Holdings says it has won $36 million worth of charter contracts for vessel chartering services, with the exercise of all options, in the Gulf of Mexico and South-east Asia. This latest batch of contract wins brings Swiber’s order backlog up to over US$1.1268 words
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COMPANY BRIEFS
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75 2012-03-07 10 TIGER Airways Holdings Ltd’s wholly owned subsidiary Tiger Airways Australia Pty Ltd has received approval from the Civil Aviation Safety Authority of Australia to operate a maximum of 64 sectors per day from October 2012. This represents an increase from the current limit75 words
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71 2012-03-07 10 ASIA Water Technology said it and its business partner, Beijing Golden State Environmental Protection Engineering Co Ltd, have been jointly selected as the “top-ranked candidate” in connection with a bid for build-operate-transfer (BOT) wastewater treatment projects in Dalian City, Liaoning Province, China. The71 words
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Article65 2012-03-07 10 COSCO Corporation (Singapore) Ltd said that Cosco (Nantong) Shipyard Co Ltd a subsidiary of its 51 per cent owned Cosco Shipyard Group Co Ltd has delivered its new build Sevan Brasil to Sevan Drilling ASA this week. It added that the Sevan Brasil measures 9965 words
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Article79 2012-03-07 10 FSL Trust Management Pte Ltd, trustee-manager of First Ship Lease Trust (FSL Trust), says that Pertiwi one of the three 19,900 dwt (deadweight tonnage) stainless steel chemical tankers previously leased to a subsidiary of Berlian Laju Tanker Tbk (BLT), has been redelivered to FSL Trust79 words
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Article28 2012-03-07 10 YOUCAN Foods International Ltd plans to change its name to Youyue International Ltd to reflect the group’s new focus on packaging business.28 words
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69 2012-03-07 10 THE Israel Electric Corporation Ltd said in a filing to the Singapore Exchange yesterday that an additional explosion had occurred in the natural gas pipeline running from Egypt to Israel. This caused the stoppage of supply of natural gas from Egypt to Israel. “The69 words
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263 2012-03-07 10 CHINA Auto Corp (CAC) associate Neftech Pte Ltd said yesterday that it had signed an agreement with American President Lines (APL) to install its proprietary cavitation fuel treatment technology on the main engine of one of APL’s largest vessels, a 10,100 TEU container ship.263 words
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Article, Illustration408 2012-03-07 10 KENNETH LIM - No deal yet, but apparel maker is in early stages of potential investments By KENNETH LIM APPAREL maker Ocean Sky International has proposed a placement of up to about $3.4 million of new shares to fund working capital and possible strategic investments. The issue willFILE PHOTO - 408 words
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1276 2012-03-07 10 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 204 25.00 26 Baker Technology Ltd W*****6 3.1 unch 74 1 32 19 9.52 8 Best World Intl Ltd W*****5 2 1 30 78 9.001,276 words
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Article110 2012-03-07 10 BY CENTS CLOSE UP DBS Bk 4.7% NCPS 100 ***** 70.0 0.7 DBXT S&P Short 10US$ 3824 27.8 0.6 Great Eastern 1485 25.0 1.7 JSH 3114 17.7 0.5 Creative Tech 363 10.0 2.8 IS ASIA HYG100US$ 1051 7.6 0.6 OCBC Bk.ES.1203 891 5.0 0.6 Petra 225 5.0 2.3 DBXT110 words
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Article124 2012-03-07 10 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3100 -165.3 -4.1 DBXT Nifty 10US$ ***** -164.0 -1.2 JMH 5060 -164.0 -2.5 DBXT MSKorea 10US$ 5793 -154.0 -2.1 IS S&P500 ***** -152.7 -0.9 Jardine C&C 4605 -85.0 -1.8 DBXT FTVietnam 10US$ 2539 -83.3 -2.5 Lyxor China H 10US$ 1420 -79.5 -4.2124 words
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Advertisement208 2012-03-07 7 DRIVE TO A DIFFERE BEAT CONTINENTAL The all-new Bentley introduces an exhilarating twist of innovation: a visceral 4.0L twin-turbocharged V8 engine Accelerate hard and it magnificently growls to the full power of SOObhp and 660Nm of torque, streaking to lOOkm/h in 4.8 seconds with a new 8-speed transmission and all-wheel208 words
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SINGAPORE MARKETS
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Article, Illustration598 2012-03-07 8 R SIVANITHY - Hong Kong’s Hang Seng Index set the tone for the region when it fell 2.2% STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday caved in by 59.79 points or 2 per cent at 2,932.01 as sentiment towards equities appeared to takeSource: Bloomberg - 598 words
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Article186 2012-03-07 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 3 0 0 0 1 12 3 Manufacturing 18 99 33 5 10 6 23 109 39 Commerce 7 40 15 1 6 2 8 46 17 Tpt/Stor/Comms 7 33 5186 words
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Article121 2012-03-07 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,552 27,552 98,299 98,299 Manufacturing 380,350 55,936 436,286 667,987 1,132 669,119 Commerce 167,817 6,327 174,144 213,211 575 213,786 Tpt/Stor/Comms 156,667 34,157 190,824 201,753 6,333 208,086 Finance 18,583 18,583 165,949 165,949 Construction 67,589 64,951 132,540 16,919121 words
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Article114 2012-03-07 8 Stock name Close Change CapMallsAsia 1.480 -0.025 CapitaLand 2.940 -0.120 CapitaMall 1.820 -0.005 CityDev 10.690 -0.210 ComfortDelGro 1.530 +0.020 DBS Grp 14.000 -0.190 F&N 6.630 -0.020 GLP 2.080 -0.110 Genting SP 1.570 -0.025 Golden Agri 0.700 -0.015 HK Land 5.630 -0.160 JMH 50.600 -1.300 JSH 31.140114 words
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Article64 2012-03-07 8 Mar 6 VALUE CLOSE BT OB/OS -808.00-293.00 BT CADI -*****.00-305.00 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 678.58 -11.19 FTSE ST Small Cap 450.74 -6.15 FTSE ST All Share 709.49 -13.72 FTSE ST China Top 223.17 -5.66 FTSE ST China 250.57 -6.28 FTSE ST Catalist64 words
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Article56 2012-03-07 8 VOLUME SembMar 80,698,000 Noble Grp 73,560,000 TopGlobal 63,601,000 Golden Agri 62,816,000 Yangzijiang 43,548,000 UPP 42,857,000 Genting SP 38,621,000 Centillion 33,893,000 HPH Trust US$ 32,492,000 S i2i 28,168,000 VALUE($) SembMar 421,759,470 Noble Grp 99,587,885 Wilmar 87,502,870 SingTel 66,317,780 Keppel Corp 64,938,990 Genting SP 60,952,750 Yangzijiang 54,880,575 DBS Grp56 words
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Article, Illustration448 2012-03-07 8 by Maybank Kim Eng Research Sembcorp Marine Poised for retracement Last price $5.06 Mkt cap 10,555m 52-week H/L $5.84/$3.05 5-day chng -5.60% YTD chng 32.50% Avg volume 6.50m 100-day MA $4.31 200-day MA $4.48 RSI 71 Stock price is seeing a retracement after failing to trade above the $5.50448 words
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Advertisement177 2012-03-07 8 Our newest accolade. A sign of our customer’s faith. A WINNER Mobile phone platform Sept 2011 Singapore Broking Report Maybank Kim Eng To thank you for your support, we’re giving you 15% commission rebate on trades in Malaysia. For details, please visit www.maybank-ke.com.sgor call *****688. To find out more about177 words
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Advertisement125 2012-03-07 9 8-Nights Exotic Asia Fly Cruise <1 775* $122* Singapore Departure: June 11 (All taxes fees) Ports-of-call: Vietnam, Hong Kong (Over Night), Xiamen, Shanghai A Include one way air ticket from Shanghai to Singapore (by SQ) A Include 1 A day Shanghai city tour with lunch 3N Best Of Malaysia Cruise125 words
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Advertisement952 2012-03-07 9 Now your needs are within reach with a variety of time deposit options of up to 1.15% p.a on SGD. Choose from a variety of time deposit options from HSBC and enjoy attractive interest rates available across SGD, ADD and USD currencies. You can also combine our 3-month and 12-month952 words
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Advertisement26 2012-03-07 10 i m a rs SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in CATS Notices in The Straits Times. WATS NOTICES cla/dec 05/clj26 words
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ACCOUNTANCY FUTURES: DIVERSITY WORKS
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Article, Illustration1408 2012-03-07 11 reportsLYNETTE KHOO - But the accounting profession needs to stem talent loss by reviewing its hiring and work practices, reportsLYNETTE reportsLYNETTE KHOO FACED with a severe talent crunch, the accounting profession is flinging its doors wider to non-accounting graduates through an upcoming professional qualification1,408 words
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Advertisement139 2012-03-07 11 Accountants for Business: Creating Sustaining Value in Uncertain Times 2 ACCA Singapore Annual Conference 1 June 2012 In light of the uncertain global economy, what lies ahead for Singapore? How will the accounting services sector, in particular, be affected? The conference will discuss developments from around the world and their139 words
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SINGAPORE NEWS
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Article, Illustration534 2012-03-07 12 JASMINE NG - Ministry to expand school intake to train more healthcare professionals locally BUDGET DEBATE By JASMINE NG DOCTORS and nurses in the public sector will be looking at a pay rise soon under the Ministry of Health’s new plans to build and enhance534 words
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Article, Illustration442 2012-03-07 12 LYNN KAN - By LYNN KAN SINGAPOREANS are not being overcharged for their water as far as funding a robust water supply system is concerned, said Vivian Balakrishnan, Minister for the Environment and Water Resources (MEWR) yesterday. He also emphasised that PUB, the national water agency,442 words
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453 2012-03-07 12 MALMINDERJIT SINGH - First instinct is to upgrade existing platforms: Eng Hen By MALMINDERJIT SINGH SINGAPORE’S defence expenditure increases in absolute terms annually to maintain a strong deterrent, but the budget is used on a “prudent”, needs-only basis. Minister for Defence Ng Eng Hen yesterday clarified that453 words
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602 2012-03-07 12 GRACE LEONG - Steering committee to complete review by the year’s end By GRACE LEONG THE Ministry of Law said yesterday that it was stepping up efforts to establish Singapore as a marketplace of choice for intellectual property (IP) transactions and building world-class IP infrastructure602 words
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Article, Illustration584 2012-03-07 12 JOSHUA TAN - By JOSHUA TAN DIVERSITY and inclusion can provide endless potential for business growth, and must be embraced. This was highlighted at a panel discussion on “The Business Case for Diversity and Inclusion” yesterday at the Singapore Management University (SMU) to commemorate International Women’s584 words
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340 2012-03-07 12 LIM WEI SHENG - Unit is targeted to kickstart the firm’s Asia presence: CEO By LIM WEI SHENG US medical device company TriReme Medical Inc opened its new facility at the Jurong International Business Park yesterday. The facility, which hosts its research and development,340 words
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Advertisement107 2012-03-07 12 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to107 words
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ECONOMY WATCH
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519 2012-03-07 13 ECB funds injection and improving US economy are key driving factors Bloomberg [NEW YORK] Borrowing costs for companies worldwide are approaching record lows, as the European Central Bank (ECB) takes steps to avert a funding crisis and the recovering US economy buoys investor confidence.Bloomberg - 519 words
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355 2012-03-07 13 Reuters [SYDNEY] Australia’s central bank held interest rates steady for a second straight monthly meeting yesterday, saying there could be scope for easing but only if the economy were to take a nasty turn. The decision was widely expected but even the distant chanceReuters - 355 words
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Article, Illustration331 2012-03-07 13 AP [UNITED NATIONS] The economic cost of disasters in 2011 was the highest in history with a pricetag of at least US$380 billion, mainly due to earthquakes in Japan and New Zealand, a UN envoy said on Monday. Margareta Wahlstrom, the secretary-general’s specialAP; REUTERS - 331 words
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Advertisement108 2012-03-07 13 0 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS GAIN THE £dge TO BE ON TOP m f m k m Hi IE SHARPEN YOUR WORKFORCE’S COMPETITIVE EDGE To stay ahead of competition, companies need to ensure that their workforce is equipped with the relevant soft skills and technical skills. Investing in the right108 words
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Advertisement89 2012-03-07 14 V N3 Wa MIRRORS •l AND POL SHED ;ood m :es Reflect taste Our marble halls play host to the world's finest luxury brands and carefully curated favourites. We put the latest up on display; you pull the sublime off in style. Gucci Salvatore Ferragamo Prada Tod's Miu Miu Ermenegildo89 words
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MALAYSIA
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453 2012-03-07 15 S JAYASANKARAN - Implementation of petrochem projects to begin in 2015 By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S national oil company Petronas and German chemicals maker BASF yesterday signed a deal to cooperate on RM4 billion (S$ 1.67 billion) worth of petrochemicals projects in Malaysia. The453 words
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519 2012-03-07 15 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIAN builder Dijaya Corporation will see a significant enlargement in its assets and market capitalisation to over RM1 billion (S$417 million) once the privately held assets of its controlling shareholder and group CEO519 words
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Article, Illustration424 2012-03-07 15 M’sian bourse also focusing on cutting cost, improving delivery system Reuters [KUALA LUMPUR] Bursa Malaysia is banking on cross-border links with other bourses in the region to grow instead of costly mergers and acquisitions, its top official said yesterday. The exchangeReuters - 424 words
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Advertisement301 2012-03-07 15 SPECTACULAR CENTRAL LONDON RIVERSIDE APARTMENTS Exclusive Exhibition London SW18 BOARDROOM II-III, REGENT SINGAPORE, 1 CUSCADEN ROAD SINGAPORE *****5. FRI 9TH– SUN 11THMARCH 2012, 11AM 7PM. Hammersmith South Kensington Sloane Square Fulham Broadway Fulham Saatchi Gallery Putney Bridge Putney Chelsea Harbour Chelsea BATTERSEA PARK Battersea Park Imperial Wharf The Hurlingham Club301 words
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Advertisement82 2012-03-07 16 fe m v m -r* 3 -X k. I 1 A V *4 t k m M AND COFFEE CONVERSATION BETWEEN DECISIONS, DECISIONS, Cafes one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Canele Patisserie Chocolaterie82 words
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GREATER CHINA/INDIA
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641 2012-03-07 17 YONNEX LI - Deepening Sino-EU economic and trade ties spur demand for new services: banks By YONNEX LI EJ Insight [HONG KONG] Global banks have begun to set up specialised renminbi (RMB) business desks in London as opportunities arise in the world’s top foreignEJ Insight - 641 words
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Article, Illustration517 2012-03-07 17 His Congress party heading for loss in 4 out of 5 states Reuters AFP [NEW DELHI] India’s Rahul Gandhi failed spectacularly to deliver a promised comeback for his Congress party in crucial state elections, casting fresh doubt on his capacity to become theReuters; AFP - 517 words
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380 2012-03-07 17 Reuters [BEIJING] China could and should widen the daily trading range for its currency, but a slew of other financial sector reforms are needed before the yuan becomes fully convertible and freely traded, an adviser to the central bank said yesterday.Reuters - 380 words
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Advertisement165 2012-03-07 17 a V eastspring investments A member of Prudential pic (UK) WE SEE AN EVEN BRIGHTER FUTURE IN ASIA Eastspring Investments is the new brand name for Prudential Corporation Asia's asset management business*. With about US$80 billion** assets under management, we are one of the largest asset managers in Asia. We165 words
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WORLD
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469 2012-03-07 18 Exports fell 0.4% after a 1.4% gain in the previous three months Bloomberg [LONDON] Europe’s economy contracted in the fourth quarter as investment declined by the most since 2009 and exports and consumer spending dropped. Gross domestic product shrank 0.3 per cent from Q3, theBloomberg - 469 words
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Article, Illustration690 2012-03-07 18 Reuters [YANGON] Myanmar will begin a managed float of its currency in the fiscal year starting in April and wants to develop an interbank money market to end a black-market currency system that critics say deters investment andReuters; REUTERS - 690 words
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490 2012-03-07 18 Bloomberg [LONDON] Portuguese bond yields are rising as investors are busy putting cheap money from the European Central Bank (ECB) to work elsewhere. The increase in 10-year borrowing costs by almost two percentage points in the past two weeks is stokingBloomberg - 490 words
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538 2012-03-07 18 NYT AFP [LONDON] Greece moved a step closer on Monday to avoiding default on its debt when a large group of pri-vate-sector bondholders said that it would participate in a restructuring through a bond swap. The Institute of International Finance, the global banking groupNYT; AFP - 538 words
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284 2012-03-07 18 They must also hand over info about the US$12.5b takeover Bloomberg [CHICAGO] Google and a Motorola Mobility Holdings unit were ordered by the US judge presiding over an Apple patent lawsuit to turn over information about the development of Google’s Android operatingBloomberg - 284 words
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Article, Illustration512 2012-03-07 19 The fall is less severe than had been anticipated Reuters [NEW YORK] Wall Street’s bonuses fell nearly 25 per cent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry had anticipated, though stillReuters; BLOOMBERG - 512 words
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475 2012-03-07 19 Bloomberg [NEW YORK] John Paulson lost 1.5 per cent in February in one of his largest hedge funds, according to an investor update, paring this year’s gain and setting back efforts by the New York-based manager to recoup record losses in 2011.Bloomberg - 475 words
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536 2012-03-07 19 Asia revenue slumps 46% compared with 2010 as investments in region backfire Bloomberg [NEW YORK] Goldman Sachs Group Inc lost money in Asia last year for the first time since 2008 as the Wall Street firm’s stock investments in the region, ledBloomberg - 536 words
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Article, Illustration427 2012-03-07 20 Report: laws make it difficult for people to enter US and start a business Bloomberg [WASHINGTON] US Trade Representative Ron Kirk said that the nation’s policy for issuing visas is hurting the economy by limiting tourism and blocking overseas buyersBloomberg; PHOTO: REUTERS - 427 words
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Article, Illustration468 2012-03-07 20 Bloomberg 1 [WASHINGTON] Less than halfway through the process of implementing the 2010 Dodd-Frank Act, the pace of rule-writing by the US Securities and Exchange Commission (SEC) has slowed by about half. The agency’s five commissioners haven’t met even once in theBloomberg - 468 words
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Article, Illustration432 2012-03-07 21 The firings could begin in a few weeks, says source Bloomberg [SAN FRANCISCO] Yahoo! Inc is considering making significant cuts to its staff, a person familiar with the matter said, as chief executive officer Scott Thompson overhauls the Web portal’s business toBloomberg; REUTERS - 432 words
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424 2012-03-07 21 Vacancies in tech sector outnumber job seekers by more than three to one Bloomberg [WASHINGTON] A surge in technology-industry hiring is helping to spearhead a jobs-market revival as demand swells for compu-ter-software applications and data. Online help-wanted advertising for computer and mathematical occupations roseBloomberg - 424 words
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Article, Illustration506 2012-03-07 22 Reuters [HOUSTON] The jury weighing evidence against Allen Stanford said it was unable to reach a verdict in the trial of the former Texas financier. Stanford, on trial in federal court in Houston, is accused of running a US$7.1 billion Ponzi scheme. After theReuters; BLOOMBERG - 506 words
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400 2012-03-07 22 Move by UK, global banks follows claims Libor may have been manipulated: report Reuters [LONDON] British regulators and global banks are considering an overhaul of how interbank lending rates are calculated and regulated, following claims that the benchmark Libor lending rate may haveReuters - 400 words
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342 2012-03-07 22 Billions of dollars of tax revenues are put at risk: OECD report Reuters [HAMDEN, Connecticut] International tax evasion by multinational corporations (MNCs) that take advantage of tax-rate disparities among countries is on the rise, according to an international study group. By claiming multipleReuters - 342 words
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223 2012-03-07 22 Bloomberg [BRUSSELS] European Union lawmakers may introduce tougher curbs on banker pay, including a limit on the gap between lenders’ highest and lowest salaries, as part of an overhaul of financial regulation later this year. Members of the European Parliament’sBloomberg - 223 words
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771 2012-03-07 23 JPMorgan, Deutsche Bank, Morgan Stanley turn to Kroll and Morningstar for credit ratings Bloomberg [NEW YORK] Standard Poor’s is frozen out of the commercial-mortgage bond market by the biggest underwriters after derailing a US$1.5 billion sale by Goldman Sachs Group and Citigroup lastBloomberg - 771 words
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Page 18 Advertisements
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Advertisement79 2012-03-07 18 Hand-Dived Scallop Avocado "Millefeuille", a highlight from the new menu 0k\ @1 51® ghlights “TU kcuvty is in/ its siMp&xitif cuvd fresiness. Julien Royer, Chef de Cuisine ARTISANAL CUISINE REDEFINED Experience fine dining at its best. J A A N For reservations, please call 9199 9008 or email reservations@equinoxcomplex.com. JAAN79 words
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Page 19 Advertisements
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Advertisement124 2012-03-07 19 Sir Matthew Pinsent, Olympic rower When you compete at the top level of rowing, everyone is strong and technically good. So, the dividing line between winning and losing comes down to whether you can take the pain. A race lasts approximately six minutes. And, during that time, you will use124 words
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Advertisement1657 2012-03-07 20 STX PAN OCEAN CO., LTD. (A corporation with limited liability established under the law of the Republic of Korea) (Company Registration No. *****1-*****86) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STX Pan Ocean Co., Ltd. (the “Company”) will be held at STX1,657 words
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Advertisement137 2012-03-07 20 Asia's largest spring electronics fair I r\ V J «»H<TDC Hong Kong Electronics Fair (Spring Edition) 13-16 April 2012 Hong Kong Convention and Exhibition Centre Prime downtown location Over 2,450 quality exhibitors from 24 countries and regions Themed zone highlight: Hall of Fame Held concurrently with "HKTDC International ICT Expo"137 words
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Page 21 Advertisements
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Advertisement143 2012-03-07 21 Building an Intellectual Property Hub of Asia JUDGING INVENTIONS A Career as a Patent Examiner for Scientists and Engineers Intellectual Property (IP) is the currency in an innovation-driven economy. Effective use of IP such as patents can improve the value of a business in this connected and competitive global marketplace.143 words
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Advertisement1955 2012-03-07 21 ARMARDA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of ARMARDA GROUP LIMITED (the “Company”) will be held on 29 March 2012 at 10.30 a.m. at Capital Tower, FTSE Room Level 9, 168 Robinson Road,1,955 words
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Page 22 Advertisements
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Advertisement902 2012-03-07 22 UGL Services Pasir Ris Beach Park Rare seaside detached For sale, 2-storey 8000/2400 sqft exclusive neighbourhood with panoramic view 11 CALL UGL SERVICES 11 *****6 *****1 HIGH IMPACT LEADERSHIP FOR THE 21 ST CENTURY Who should attend: Sales Professionals, Managers, Team Leads, Heads of Division, Heads of Department, Directors and902 words
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Page 23 Advertisements
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Advertisement2294 2012-03-07 23 >®‘ tSATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BUSINESSWORLD INTERNATIONAL PTE LTD (IN COMPULSORY LIQUIDATION) (Registration No. *****2185R) NOTICE TO SUBMIT PROOF OF DEBT FORM 77 NOTICE IS HEREBY GIVEN that the creditors of the2,294 words
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Advertisement1935 2012-03-07 23 [«AT3 NOTICES 1 GLOBAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3719Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 10 Tuas West Drive, Raffles Marina, Singapore *****4 on Thursday, 22 March 2012 at1,935 words
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EDITORIAL & OPINION
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Article, Illustration965 2012-03-07 24 ANG LEA LEA, POH BEE TIN - Treatment of companies’ share disposal gains is a significant measure in Budget 2012 By ANG LEA LEA POH BEE TIN The writers are tax partners, Ernst Young Solutions LLP THE Singapore tax system has traditionally been seen as a progressive one that seeks toFILE PHOTO - 965 words
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Article, Illustration787 2012-03-07 24 LOUISE ARBOUR - THE BOTTOM LINE LOUISE ARBOUR The writer is president of the International Crisis Group AS Myanmar moves ahead with its ambitious reforms and abandons old ways of thinking, Western countries need to change their own mindset and adopt a more subtle approach. After787 words
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Article503 2012-03-07 24 EDITORIAL FAST-RISING asset prices tend to instil a sense of complacency among investors because of the impression created that either the worst global economic crisis is over, or the economic and earnings outlook is good, or both. Such has been the case since the start of the503 words
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Article, Illustration982 2012-03-07 25 HUANG YIPING - The Chinese economy may evolve from an economic miracle towards more normal development By HUANG YIPING The writer is professor of economics at the China Centre for Economic Research, Peking University. This commentary was sourced from VoxEU.org, a web portal that features the views of prominentAFP - 982 words
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Article, Illustration977 2012-03-07 25 SIMON JOHNSON - By SIMON JOHNSON The writer, a professor at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics, is co-author of the forthcoming book, ‘White House Burning: The Founding Fathers, Our National Debt, and977 words
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274 2012-03-07 25 Leong Sze Hian - LETTER TO THE EDITOR Leong Sze Hian I REFER to the reply in parliament that the public hospitals were owed $48 million in arrears last year, accounting for 136,000 bills outstanding for two months or more. Despite writing off $90 million274 words
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TransportHUB
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768 2012-03-07 26 DAVID HUGHES - Asia Pacific Maritime 2012 next week will provide interesting perspectives on challenges the industry faces STRAIT TALK By DAVID HUGHES IT EMERGED last week that some shipping companies now have debt-to-equity ratios as high as 1,000 per cent. The reason for this is, of course,768 words
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328 2012-03-07 26 Average daily earnings for capesizes decline Reuters [LONDON] The Baltic Exchange’s main sea-freight index, which tracks rates for ships carrying dry commodities, rose on Monday for an eighth straight day as an increase in grain shipments pushed up rates for panamax vessels.Reuters - 328 words
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Article261 2012-03-07 26 SGX '000 Mar 6 S$ +/-Vol CH Offshore 0.36 -0.01 340 Chuan Hup Hldg 0.22 -0.01 330 Cosco Corp 1.14 -0.02 ***** Mar 6 Ezra Hldgs 1.17 -0.04 9223 First Ship Lea 0.21 0.01 2271 Freight Links 0.06 unch 800 Grand Banks unch unch 0 Jaya Hold Ltd261 words
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Page 26 Advertisements
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Advertisement467 2012-03-07 26 The 12 th edition of Asia Pacific MARITIME Asia Pacific Maritime 2012 14-16 March 2012* www.apmaritime.com Marina Bay Sands (SECC), Level 1 Basement 2, Singapore Shipbuilding Marine Workboat Offshore THIS IS THEonE Join us at the region’s premier maritime exhibition showcasing the latest in marine equipment, technologies and services. Incorporating467 words
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ASIA PACIFIC MARITIME
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Article, Illustration1155 2012-03-07 27 LYNN KAN - Industry experts at Asia Pacific Maritime 2012 will discuss environmental issues vis-a-vis the region’s growth, reports LYNN KAN reportsLYNN LYNN KAN ASIA’S rise has towed along with it real opportunities and also posed some tough questions for the shipping industry. On the one hand, withFILE PHOTO - 1,155 words
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Page 27 Advertisements
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Advertisement360 2012-03-07 27 The 12 1h edition of Asia Pacific MARITIME Shipbuilding Marine -Workboat Offshore Asia Pacific Maritime 2012 14-16 March 2012* www.apmaritime.com Marina Bay Sands (SECC), Level 1 Basement 2, Singapore N T THIS IS THEqnE Join us at the region’s premier maritime exhibition showcasing the latest in marine equipment, technologies and360 words
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TRANSPORT HUB: SHIPPING
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Article, Illustration887 2012-03-07 28 It expects trade in manufactured goods to Europe from Asia to expand 3-4% Bloomberg [LONDON] Maersk Line, the world’s biggest owner of container ships, can double capacity cuts on its largest trade route connecting Europe and Asia if demand is weaker than it expects.Bloomberg; REUTERS - 887 words
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456 2012-03-07 28 Ban Ki-moon warns things could worsen in coming months Reuters [UNITED NATIONS] The UN Security Council has expressed grave concern at the threat posed by Somali pirates and extremist groups as UN chief Ban Ki-moon warned the African state’s humanitarian situation would likelyReuters - 456 words
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Article, Illustration544 2012-03-07 28 AFP [VICTORIA] As naval forces tighten the noose around Somali pirates in the Indian Ocean, the idyllic Seychelles archipelago has been overrun with convicted brigands and is calling for international support. The small island state, with its crystal waters and pristine beaches, lies inAFP - 544 words
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Page 28 Advertisements
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Advertisement85 2012-03-07 28 All ways with you. All around the world. I t Our goal: More Than Shipping. The world, our stage. At NYK, we do more than 'ship 1 goods all over the world. Our monohakobi (transport) comes in various forms: by sea, air, and land via rail and road. The entire85 words
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Advertisement43 2012-03-07 28 Low-Cost Global Crew Payments Pay any crew member anytime, anywhere. Direct deposit to bank accounts worldwide Brandable prepaid cards e-wallets Western Union cash pickups at 400k+ locations Multi-currency multi-lingual payment service Online, Mobile IVR account access for crew www.hyperwallet.com/shipping shipping@hyperwallet.com +65 6408 064043 words
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Advertisement9 2012-03-07 28 WWW omy □3 Ming Bridges mm&mmiw ss$s 01 showbiz.omy.sg9 words
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TRANSPORT HUB: AVIATION
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Article, Illustration1092 2012-03-07 29 With no-frills service on a single type of plane, it’s the only carrier making profit Reuters [NEW DELHI] It’s not all doom and gloom for India’s embattled airline sector. IndiGo, a low-fare carrier launched in 2006, has climbed to second place in market shareReuters; REUTERS - 1,092 words
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Article, Illustration538 2012-03-07 29 Tie-ups with two of its partners have helped boost traffic Bloomberg [TOKYO] All Nippon Airways Co (ANA) may expand a venture with Deutsche Lufthansa AG after greater cooperation with partners helped the Japanese carrier double transfer passengers at its main international hub. ANA Nippon mayBloomberg - 538 words
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Article, Illustration1054 2012-03-07 29 AP [MINNEAPOLIS] FLYERS can stop sharpening their elbows. Overhead bins are getting bigger. Packed planes and a high volume of carry-ons are forcing airlines to expand the space above passenger’s heads. United and Delta are the latest airlines to replace or upgrade bins so theyAP - 1,054 words
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Page 29 Miscellaneous
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Miscellaneous395 2012-03-07 29 CRYPTIC CROSSWORD Across 1 Allow no entry to wicked fellow who’s from West Indian island? (9) 9 Put down some words about hospital and feel acute embarrassment (6) 10 Sort of electoral success that may threaten those living on the edge (9) 11 Very cold bird losing its tail (6)395 words
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TRANSPORT HUB: LAND
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Article, Illustration850 2012-03-07 30 Compact model transformed to compete with BMW, Audi’s equivalents Bloomberg [BERLIN] Mercedes-Benz will kick off its effort to regain lost ground in the luxu-ry-car race with a sporty hatchback targeted at users of Apple Inc’s iPhone. The Daimler AG brand, which droppedBloomberg; AP - 850 words
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479 2012-03-07 30 Reuters [GENEVA] Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to US$600 million, even as rival General Motors Co (GM) joins forces with France’s Peugeot in hopes of ridingReuters - 479 words
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745 2012-03-07 30 Its creative directors empowered to kill off mediocre stuff Reuters [TOKYO] The future of Honda Motor Co may rest with a pair of contrarian Japanese car engineers working from a drab Tokyo suburb with a hotline to theReuters - 745 words
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221 2012-03-07 30 AFP [MUMBAI] India’s Tata Motors has placed a US$350 million bid to buy bankrupt Swedish car maker Saab Automobile, a newspaper report said yesterday, citing people it said were aware of the matter. “Tata’s global acquisition team has been in negotiations with SaabAFP - 221 words
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Page 30 Advertisements
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Advertisement222 2012-03-07 30 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH222 words
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SINGAPORE STOCKS
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Article2544 2012-03-07 31 Transaction date: Mar 6 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 88 51 ABR Hldgs 81.5 unch 186 82 81 81.5 84.5 3.1 2.5 13.1 163.7 Last Quote Div2,544 words
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Article200 2012-03-07 32 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 28200 words
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Article7151 2012-03-07 32 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 1.05/ Aberdeen Asset Mgt Asia Limited Asian Smaller Cos!** .1 6356/ FM local Ccy Bond .07,151 words
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Article193 2012-03-07 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US34.5 -1.5 8681 36 34.5 34.5 35 2271.7 Last 205 168 TanChongInt HK192 +1 495 192 192 182 196 2.9 2.6193 words
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Article941 2012-03-07 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 70 118 118 118 118.5 538.6 1261 856 CIMBAsean40 100US$ US1063 1036 1040 42.5 ***** ***** DBXT AUD Bonds941 words
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FINANCE & COMMODITIES
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373 2012-03-07 33 In local curr In S$ In US$ dy yr dy yr dy yr Mar 5 Index Change Change Change Change Change Change World Preliminary 901.8 -0.6 8.7 -0.1 5.8 -0.6 9.1 EAFE Preliminary 745.9 -0.5 9.4 0.1 6.7 -0.5 10.0 Europe Preliminary 1107.1 -0.5 7.9373 words
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Article75 2012-03-07 33 CRUDE OIL PRODUCTS Mar5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.35 -0.07 WTI (Near Mth) 106.77 0.17 Dubai (1-Mth F) 118.79 -1.59 Tapis blend 132.41 -2.16 Minas 132.21 -2.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.89 -1.83 Jet Kerosene 134.20 -1.15 US$/barrel OpecOil Basket Price75 words
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Article107 2012-03-07 33 Mar 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1319.25 1328.25 1330.75 1320.00 May 12 1325.00 1333.00 1336.50 1323.00 Jul 12 1332.25 1340.25 1343.50 1330.25 Aug 12 1322.00 1330.50 1332.75 1321.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.41107 words
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Article78 2012-03-07 33 Mar 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 07-Jun-12 0.32 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100 5-Year N*****0Z 2.375 01-Apr-17 108.75 3-Month 10-Year NX*****X 2.25078 words
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Article454 2012-03-07 33 Mar 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5425 0 2397 Jun12 99.5550 0 827 Sep12 99.5200 0 128 Dec12 99.4800 0 1343 EUROYEN TIBOR FUTURES Mar12 99.6700 99.6700 99.6700 99.6650 500 2213 Jun12 99.6650 300 1997 Sep12 99.6650 0 683 Dec12 99.6650 0454 words
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Article, Illustration99 2012-03-07 33 As on 5 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1715.80 1694.90 1703.60 675 CURRENCY AUD-USD FUT MAR2012 1.0668 1.0667 1.0647 4 EUR-USD FUT MAR2012 1.3243 1.3161 1.3226 9355 BASE METAL COPPER FUT MAY2012 8639 8505 8506 177799 words
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Article160 2012-03-07 33 Mar 6 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 12 398.0 395.0 395.0 40 148 May 12 402.0 402.0 401.0 14 195 Jun 12 404.2 219 Jul 12 406.0 406.0 405.5 20 148 Aug 12 407.0160 words
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Article65 2012-03-07 33 Mar 5 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2243.75 2285.75 3 months 2288.00 2328.00 Copper, Grade A(US$/tonne) Cash 8501.00 8577.25 3 months 8505.00 8580.00 Lead(US$/tonne) Cash 2114.75 2151.25 3 months 2147.00 2183.00 Nickel (US$/tonne) Cash *****.25 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article80 2012-03-07 33 Mar 5 COCOA (£/tonne) Close Prev High/Low Mar 12 1440 1470 1471/1438 May 12 1464 1495 1497/1462 Jul 12 1481 1509 1512/1478 Sep 12 1493 1515 1518/1490 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2001 2019 2018/1997 May 12 2003 2020 2021/1995 Jul 12 1985 1999 2000/1972 Sep 12 199580 words
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Article470 2012-03-07 33 Mar 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.058 6.701 0.805 8.245 53.197 97.408 0.864 11.931 3.213 1.302 96.500 45.640 1.341 8.072 0.971 31.362 32.590 0.671 1.062 Canada 0.945 6.332470 words
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Article54 2012-03-07 33 Mar 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 9 mths 0.***** 12 mths 0.*****54 words
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Article136 2012-03-07 33 Mar 6 GOLD(US$/oz) Mar 05 Mar 06 Hong Kong 1711.00 1705.00 Mar 06 Mar 02 Mar 05 London 1713.09 1703.26 1713.90 1704.03 Source Thomson Reuters GOLD BULLION COINS (S$) Selling Buying 1 oz 2396 2169 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $842.00 690 SILVER Selling Buying136 words
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Article57 2012-03-07 33 Mar 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3230.0 3220.0 3240.0 3230.0 24 1202 Apr 12 3220.0 3240.0 3252.0 3220.0 182 ***** May 12 3225.0 3246.0 3264.0 3222.0 7979 ***** Jun 12 3226.0 3239.057 words
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Article26 2012-03-07 33 Mar 6 Open High Sett STI Mar 2976 2976 2922 SIMSCI Mar 344.5 345.8 337.8 Taiwan Mar 284 284.7 281.7 Source: SGX Derivatives26 words
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Article154 2012-03-07 33 Mar 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3401 1.3410 1.0620 1.0625 Canadian dollar 1.2665 1.2669 1.0036 1.0038 Euro 1.6638 1.6647 1.3185 1.3190 NZ dollar 1.0291 1.0305 0.8155 0.8165 Sterling pound 1.9967 1.9977 1.5823 1.5828154 words
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Article22 2012-03-07 33 Mar 6 S$ Bid Offer 1-month 1.2619 1.2621 2-months 1.2619 1.2621 3-months 1.2618 1.2620 6-months 1.2607 1.2611 Source: OCBC22 words
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Article121 2012-03-07 33 As at 9am Mar 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.373 1.308 Can dollar 1.287 1.238 Euro 1.692 1.627 Sterling pound 2.031 1.953 NZ dollar 1.061 1.011 US dollar 1.274 1.225 Local dollars to 100 units of foreign121 words
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Article158 2012-03-07 33 Mar 6 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12158 words
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Page 33 Advertisements
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Advertisement128 2012-03-07 33 Africa. Now open for business. Fly Emirates to 21 African cities including Lusaka and Harare. One of the fastest growing regions is now also one of the most accessible. With our extensive African network covering 21 destinations, you’ll find it more convenient to do business in the continent. Coupled with128 words
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3892 2012-03-07 34 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO3,892 words
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Advertisement49 2012-03-07 34 VISIT The 12 th edition of Asia Pacific MARITIME Shipbuilding Marine Workboat Offshore Asia Pacific Maritime 14-16 March 2012 Marina Bay Sands (SECC), Level 1 Basement 2, Singapore Asia’s Premier Maritime Exhibition Conferences FREE Keynotes Networking Meet over 1,300 international companies from 53 countries including 14 Official Pavilions! www.apmaritime.com49 words
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Advertisement60 2012-03-07 34 TO ADVERTISE IN m The Business Times Shipping times CALL JOE WONG AT *****327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services60 words
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Advertisement57 2012-03-07 35 $$,.*|\
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executive Money
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Article, Illustration1090 2012-03-07 36 VINCENT REINHART - Global economy can continue to grow as long as China and its rapidly growing regional counterparts stay on track, says VINCENT REINHART VINCENT REINHART Vincent Reinhart is the chief US economist and co-head of economic research at Morgan Stanley ATTITUDES about the global economy areAFP - 1,090 words
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Advertisement125 2012-03-07 36 We are pleased to have you re-employed with us. Your experience and dedication will continue to make a difference. Quek Choo Kuan ASSISTANT FINANCIAL CONTROLLER MARINA MANDARIN SINGAPORE S3 m Anna has been an asset to Marina Mandarin Singapore for over 25 years. She has ensured the smooth running of125 words
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Article, Illustration1037 2012-03-07 37 writesMARK MCCOMBE - Asians need to adopt long-term investment strategies that have the potential to generate growth and income over time, writes MARK MCCOMBE writesMARK writesMARK MCCOMBE The writer is chairman, Asia-Pacific, BlackRock LET’S start with the good news. Advances in health care and economic development haveFILE PHOTO - 1,037 words
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Advertisement269 2012-03-07 37 World Class Trading Anytime, Anywhere Introducing SaxoTrader w For iPhone® and Android EURUSD Trade Market analysis Real-time data charting Trade from your mobile 1.000.000 1.***** Current price Price tolerance Value date; 5 pips Spot date Add Related Orders ■s THE FIRST FX TRADE AT TERMINAL VELOCITY We built our new269 words
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Advertisement122 2012-03-07 38 UNIT 01-48, PARAGON, TEL 65.6738.3323 LEVEL 1, TAKASHIMAYA DEPARTMENT ST TEL 65.67 mW:' m W •'Lor; m mm i.' xr\.lX T k-'v A v.*.- k v Ufc pvt- +firs* |©5 ;ra*, #asa l»X9 •fAN X f V ?-V :> > L-i v P A-f yA Jeff -Mi i*»= i L122 words
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